Tag:
Job Cuts
Latest Headlines
Latest Headlines
Morgan Stanley to cut jobs
Morgan Stanley bowed to the inevitable and announced a round of job cuts that surprised no one.
The bank will cut 1,600 jobs in the first quarter from all levels and all geographic locations, according to statement. The bank thus becomes yet another premiere firm to downsize, joining the likes
Wall Street slashes jobs, salaries and bonuses
The on-going round of layoff angst that has engulfed Wall Street seems cruel on several counts.
For one thing, this is very much the second dip of the industry's economic performance. It was just a few years ago that a nasty round of layoffs claimed many jobs. Things picked up for a while, all
Goldman Sachs says layoffs imminent
We all knew this was coming. We just didn't know when. Goldman Sachs' lousy second-quarter earnings, the biggest downside earnings surprise for the gilded bank in recent memory, has forced its hand on job cuts.
Goldman Sachs has announced it will lay off 1,000 employees soon, a not insignifica
Morgan Stanley layoffs in the works?
We've been talking about layoffs for much of the year, and in some quarters of Wall Street, that strange, somewhat familiar pre-layoff ennui has likely set in.
People are distracted. They're worried about colleagues who might have been out of their office for a bit too long. They wonder who's
State Street to cut 1,400 jobs; Other firms planning cuts?
There's a storm cloud hovering over Wall Street's traditional extended holiday party, which coincides with bonus season for the most part. The shadow cannot be denied, even as bonuses for many people turn out to be anything but a disaster. The specter of job cuts simply cannot be ignored. While so
Morgan Stanley freezes hiring, cuts coming in the fourth quarter?
The bad news drumbeat intensified when Morgan Stanley (NYSE: MS ) announced that it has frozen all hiring. In fact, a freeze may have been in place at the company for about a month, reports FOX Business .
As the third quarter comes to a close, it's hard to see anything but disappointment
Is the hiring boom already over?
Not too long ago, we--and plenty of others--were talking about all the hiring going on in the industry. There was plenty to discuss .
Goldman Sachs ( NYSE: GS ) added 600 jobs worldwide in the first quarter. JPMorgan's ( NYSE: JPM ) investment bank had hired more than 2,000 people since
The big picture on Wall Street jobs
The downsizing of the financial services industry is proceeding via nicks, cuts and big shogun slashes. Through October, 130,000 financial jobs had been eliminated throughout the industry this year, according to Challenger, Gray & Christmas. But the news of 53,000 job cuts at Citigroup will ra
The beginning of the end at Citigroup?
What to make of the additional 53,000 jobs cuts at Citigroup? The cuts, part of an on-going effort to slash the head count by 20 percent from a high of 375,000, are certainly draconian, but they will not be enough. Cost controls alone will not be able to revive Citi. The fact that the company seem
How bad will the Wall Street job cuts be?
The Financial Times reports that banks are finalizing their budgets for next year and that many are planning more job cuts. The number could hit 70,000, which would add to the 150,000 jobs the industry has already shed. Not surprisingly, the cuts will be centered in investment banking and trad
